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Provider: Pechala's Reports
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Provider: ValuEngine, Inc.
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Provider: New Constructs, LLC
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Provider: Thomson Reuters Stock Report
$25.00

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NASDAQ OMX Group Inc To Acquire Thomson Reuters Corp Investor Relations, Public Relations and Multimedia Solutions Businesses


Wednesday, 12 Dec 2012 08:00am EST 

NASDAQ OMX Group Inc announced that it has entered into an agreement with Thomson Reuters Corp to acquire the Investor Relations, Public Relations and Multimedia Solutions businesses, which provide insight, analytics and communications solutions to more than 7,000 clients worldwide. Upon completion of the transaction, these complementary businesses will be integrated into NASDAQ OMX Corporate Solutions. NASDAQ OMX has made a binding offer to acquire Thomson Reuters Investor Relations, Public Relations and Multimedia Solutions businesses for $390 million in cash. Thomson Reuters and NASDAQ OMX will begin the information and consultation process with respect to this proposed transaction with all relevant works councils, unions and employee representatives. Upon completion of the employee information and consultation process, NASDAQ OMX expects Thomson Reuters to enter into a definitive purchase and sale agreement in respect of the proposed acquisition. The proposed transaction will also be subject to customary regulatory approvals and is expected to close in the first half of 2013. Until the closing of the transaction, NASDAQ OMX and these Thomson Reuters businesses will continue to operate as independent companies and will remain committed to providing superior service to create value for their customers. 

Company Quote

36.5
-0.11 -0.30%
1:22pm EDT